All Article articles – Page 830
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Calls for diet police to inspect what private sector workers eat
Calls made by 2020Health for diet police to monitor what private sector employees eat at work to reduce absence could not have come at a worse time of year.The think tank wants to see the role of council health and safety inspectors to include advising private sector workers on diet ...
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CIPP research: Most employers will throw Christmas party for staff
Most employers will be throwing Christmas parties this month, with a fifth (80%) of bosses saying no to the work festive night out, according to research by the Chartered Institute of Payroll Professionals (CIPP).The annual survey found that more than half (56%) of respondents are getting paid early this month. ...
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Government Procurement Service introduces framework agreement for benefits technology
The Government Procurement Service, an executive agency of the Cabinet Office, has appointed Logica to a framework agreement for its payroll, HR and finance services.The framework will enable government, police, education, local authority and any partially funded or fully funded public sector entity to benefit from shared services without going ...
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Bluefin introduces retirement planning product
Bluefin Corporate Consulting has introduced a product called Retirement Gateway, which aims to help employees understand and prepare for retirement.The product, which is now part of the provider’s benefits platform, Orbit, includes: Video guides on retirement planning. Information and support. Interactive notebook.In addition, existing tools within the Orbit platform, such ...
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Croner research: Significant pay gap between directors at small and large organisations
Directors of small organisations have seen a drop in their pay, while those in large organisations have seen an increase, according to research by Croner.The Directors’ rewards research found that the average 2011 annual pay for directors of small firms, with a turnover of less than £5 million a year, ...
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NAPF research: Number of employers closing final salary schemes has jumped by a third
The number of employers that have closed their final salary pension to all of their staff has jumped by a third, according to research by the National Association of Pension Funds (NAPF).Its latest Annual Survey found that almost a quarter (23%) of pension schemes are now shut to both new ...
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ONS research: Total pay growth down 0.3% at end of 2011
The annual growth rate for total pay, including bonuses, fell by 0.3% at the end of 2011, according to research by the Office for National Statistics (ONS).The Labour market statistics: December 2011 found that the annual growth rate for the private sector fell from 2.4% to 2.1%, and the public ...
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Quantitative easing sends pension funds further into the red
The latest round of quantitative easing has sent pension funds further into the red, according to the National Association of Pension Funds (NAPF).Joanne Segars, chief executive of the NAPF, said that quantitative easing has damaged the yields offered by gilts. She added: “The Pensions Regulator must help pension funds deal ...
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Centaur Media raises £21,400 for charity
Employee Benefits’ owner, Centaur Media, raised £21,400 for Cancer Research UK in 2011.The organisation committed to pay £5,000 a year to the charity for two years, and to match any funds raised by staff up to a further £5,000.Employees raised £11,400 in the first year for the charity, and Centaur ...
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BGL Group extends employee discount scheme
Insurance underwriter BGL Group has added to its online employee discount scheme, Perkz.The scheme, which has been running for a number of years, also offers a tranche of discounts on shopping categories such as food, fashion, technology and wellbeing.In December, BGL Group has also arranged for 13 local and national ...
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Svitzer Marine introduces corporate wrap
International towing and salvage tugboat operator Svitzer Marine has introduced a workplace savings scheme for its employees.The corporate wrap, provided by Hargreaves Lansdown, includes a pension, corporate individual savings account (Isa) and share plan.As a result of the implementation of the wrap, pension scheme membership across the workforce has increased ...
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Mercer research: Workers in Western European countries have best statutory paid holiday
Employees in Western European countries have access to the greatest amount of statutory paid holiday in the world, according to research by Mercer.In contrast, employees in Asia Pacific have the lowest levels of statutory paid holiday.Mercer’s Worldwide benefit and employment guidelines, which provide an overview of employee regulation and employment ...
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HMRC targets improvement of PAYE reporting
HM Revenue and Customs (HMRC) is offering help to employers to improve their pay-as-you-earn (PAYE) information.Targeted support will be rolled out to at least 1,000 employers identified by HMRC as having the most issues with data quality. These employers will receive tailored face-to-face visits designed to address data quality problems.One ...
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Government will not abolish tax relief for late-night taxis
The government has changed its mind on withdrawing the tax relief for late-night taxis.In October 2011, the government tasked the Office of Tax Simplification (OTS) with identifying all the tax reliefs, allowances and exemptions, for employers and employees, and review what should be done with them.The OTS recommended that the ...
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Dorset County Council reappoints Barnett Waddingham to pension scheme
Dorset County Council has reappointed Barnett Waddingham to provide actuarial services for its pension scheme following a tender process.The firm of actuaries, administrators and consultants has worked with the council since 2002. The new contract will start for a period of four years with an option to extend a further ...
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Network Rail plans to cut executive bonuses
Network Rail is proposing to cut executive bonuses by 40%.The new package, which would see the annual bonus reach a maximum potential of 60% instead of 100%, was discussed at a members' meeting and will be put to a vote at a full general meeting in early 2012.Network Rail has ...
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Trinity Mirror to freeze pay in 2012
Trinity Mirror is to impose a pay freeze for all staff in 2012.The newspaper publisher’s latest financial figures, published in November, showed advertising revenue on its national titles was down 10% year-on-year, and down 7% for regional titles.Commenting on the pay freeze, a Trinity Mirror spokesperson said: “2011 has been ...
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Government publishes draft legislation on changes affecting transfers into Qrops
The government has published draft secondary legislation for consultation on changes to the system for transfers of pension savings into qualifying recognised overseas pension schemes (Qrops) together with a draft explanatory memorandum.The draft legislation, which is among the clauses and tax updates in the government’s draft Finance Bill 2012 published ...
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Mercer research: Employer pension scheme contributions frozen at 7.2%
Employer pension scheme contributions have been frozen at an average of 7.2% since 2009, according to research by Mercer.The research analysed the defined contribution (DC) pension scheme offerings of more than 300 UK organisations, representing some 1.3 million employees and £14.3 billion in assets.It also found that pension scheme member ...
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CBI/Towers Watson research: EU pension regulations would increase costs for UK employers
A proposed European Union (EU) regulation will increase costs for UK employers managing defined benefit (DB) pension schemes, according to research by the Confederation of British Industry (CBI) and Towers Watson. A view from the top – the CBI/Towers Watson pensions survey 2011 found that two-thirds (69%) of employers are ...